07.02.2011 08:09

http://www.newsweb.no/index.jsp?messageId=275422

This is to inform that Mr. Aoki Hiromichi, a board member of FLEX LNG Ltd, has today been allotted 15,642 ordinary shares to be issued by Flex LNG Ltd as part of his remuneration for the second half of 2010. The shares constitute a total remuneration of USD 12,500, based on a price per share of NOK 4.7690 for the second half of 2010. The price per share is calculated on the basis of the volume weighted average trading price of the Company’s shares over a period of ten consecutive trading days ending on the day of the remuneration settlement, being 10 January 2011.

Mr. Aoki Hiromichi is an Executive Officer in Kawasaki Kisen Kaisha Ltd., and in accordance with an agreement with Mr. Aoki Hiromichi the shares will be issued to Kawasaki Kisen Kaisha Ltd. After the issue of these shares, Kawasaki Kisen Kaisha Ltd. will have a holding of 16,973,058 shares in the Company, representing 15.00 % of the total shares outstanding.